Groupe PSA and FCA no longer have the level of confidence that they had even a month ago in terms of sales revenues, market shares, products mix and products planning, as the Covid-19 has hit the industry hard.

Corporate India announced deals worth USD 6,025 million through 97 deals against 134 such transactions worth USD 13,185 million in the same period of the last year, accroding to Grant Thorton's quarterly M&A Dealtracker 2019.

The quarter recorded a marginal increase in deal activity as compared to the fourth quarter of 2018, owing to encouraging factors such as proceedings under the Insolvency and Bankruptcy Code, divestments of non-core assets that have no synergies with larger group firms.

In order to exhibit the model stretches of national highways as per norms, NHAI plans to develop 57 stretches of NH (1,735 kms) across the length and breadth of the country near each state capital, the NHAI official said. These model stretches will serve as a platform to instruct the highway engineers.